Sparrow Capital Investments Limited - Abbreviated accounts 16.3
Sparrow Capital Investments Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 July 2016 |
| for |
| Sparrow Capital Investments Limited |
| Sparrow Capital Investments Limited (Registered number: 08437640) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 July 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Sparrow Capital Investments Limited |
| Company Information |
| for the Year Ended 31 July 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Sparrow Capital Investments Limited (Registered number: 08437640) |
| Abbreviated Balance Sheet |
| 31 July 2016 |
| 31.7.16 | 31.7.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Sparrow Capital Investments Limited (Registered number: 08437640) |
| Abbreviated Balance Sheet - continued |
| 31 July 2016 |
| The financial statements were approved by the Board of Directors on |
| Sparrow Capital Investments Limited (Registered number: 08437640) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 July 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared on a going concern basis relying on the continued financial support of the directors who |
| are confident of future profitable trading. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain |
| assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents rents receivable from the rented properties. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market |
| value is transferred to a revaluation reserve. |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2015 |
| and 31 July 2016 |
| DEPRECIATION |
| At 1 August 2015 |
| Charge for year |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| Sparrow Capital Investments Limited (Registered number: 08437640) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 July 2016 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 August 2015 |
| Additions |
| Revaluations |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| 4. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Repayable by instalments | 951,496 | 913,334 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.16 | 31.7.15 |
| value: | £ | £ |
| Ordinary | £1 |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 202 | 202 |
| 6. | RELATED PARTY DISCLOSURES |
| The directors T Sparrow and Mrs D J Sparrow are related parties to the company. The balance due to the directors as at 31 |
| July 2016 was £542,519 (2015 £529,611). |
| 7. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |